×

Rating: ★ ★ ★ ★ ☆

NAV

11.394
+ 0.0029

RETURNS

6.1 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.97 %

Benchmark

CRISIL Short Term Credit Risk TR INR

Asset Size

7956.06 Cr.

(As of 30 Apr, 2019)

Risk

Moderate

Objective

To generate income through investing predominantly in AA and below rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Fund manager

Manish Banthia

(since 07 Nov, 2016)

Exit load

1 %

(If redeemed within 365 days)

Minimum sip

₹ 100

minimum investment

₹ 100

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

ICICI Bank Limited

5.08 %

Indian Hospitals Corporation Limited

3.3 %

Muthoot Finance Limited

2.41 %

Jay Properties Private Limited

2.41 %

Sector Allocation

About the Scheme Type

Credit Risk Fund

Credit Risk Funds need to have at least 65% of their investmentin lower rated securities such as those having AA-, A+, A-, BBB, etc. The maturity period of these papers is usually 1 – 3 years, unlike long maturity bonds. The interest rates offered by such companies is higher and earning scope arises when their ratings go up, offering a benefit of capital gains. They, at times,pose as an attractive investment option as they have the potential to give 2 – 3% higher returns than risk-free papers.

Ratings

This fund is rated 4 stars by Morning Star Ratings.

★ ★ ★ ★ ☆

Overview of ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Ltd. is a leading
Indian asset management company (AMC) focused on bridging
the gap between savings & investments and creating long term
wealth for investors, through a range of simple and relevant
investment solutions. The AMC is a joint venture between ICICI
Bank, a well-known and trusted name in financial services in India
and Prudential Plc, one of UK’s largest players in the financial
services sectors. Throughout these years of the joint venture, the
company has forged a position of pre-eminence in the Indian
Mutual Fund industry. The AMC also caters to Portfolio
Management Services for investors, spread across the country,
along with International Advisory Mandates for clients across
international markets in asset classes like Debt, Equity and Real
Estate.

The ICICI Mutual Fund House has continuously aimed to provide
investors with financial solutions to aid them in achieving their
lifecycle objectives. It has constantly been on the forefront of
innovation and has introduced various products aligned to meet
customer needs, leading to a well-diversified portfolio of around 68
ICICI mutual fund schemes, across equity, debt, hybrid, solution
oriented and others. The success of the various endeavours is
evident in the mutual fund investor base which has witnessed
tremendous growth over the years. Driven by an entirely investor
centric approach, the organization today is a suitable mix of
investment expertise, resource bandwidth and process orientation.
ICICI Mutual Fund house endeavours to simplify its investor’s
journey to meet their financial goals, and give a good investor
experience through innovation, consistency and sustained risk
adjusted performance. As of March 31, 2019, the investor base for
the AMC stood at 4 million investors.

ICICI Prudential Mutual Fund offers a wide range of retail and
corporate investment solutions across various asset classes -
Equity, Debt, Hybrid, Solution Oriented and Others. ICICI
Prudential Mutual Fund gained investor trust by managing funds
as per its investment objectives and has been able to deliver
superior risk adjusted returns. The consistent long term
performance was achieved on the strength of fundamentals,
process driven investment approach with enough flexibility for the
fund managers to manage their funds in their respective unique
style and insight. ICICI Mutual fund house, over the last 20 years,
has emerged as a leading investment solution provider in India
and has always aimed to fulfil its fiduciary responsibility of
managing investor's wealth with prudence and due diligence.